Squeezing Profits From a Bearish Stock Market

Use covered calls on a "short" index fund as a way to generate income in a weak stock market.

(Editor's Note: Steve Sears is on vacation. Today's guest columnist is Mark D. Wolfinger, who has been a professional options trader since 1977. He offers a low-cost education service, Options for Rookies.)

Looking for a smart investment idea for a bearish market? Take a look at a new twist on covered call writing.